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Benefits of BACS Payments
Paying by BACS with Excheqer is ideal for making regular automated payments.
If you are not using it yet, by changing the way in which you process your payments to send remittances by e-mail and pay using your internet banking software, you could be saving a great deal of time and money. BACS payments are usually processed as batches linked with your banks system.
The benefits of BACS:
- Regular automated payments
- Reduced time and ost of administering bulk payments
- Helps to manage cash flow and improve financial control
- Reduces risk of loss, late payment and theft
- Payments can be made later in the business day and take less time to clear
Cost Benefit analysis:
The amount you could save by e-mailing remittance advices/cheques and using BACS depends on a number of factors such as whether you send by 1st or 2nd class and how much the bank charges for processing a cheque. You will find a cost saving analysis in the Information and Guides section of our website or email us on This e-mail address is being protected from spambots. You need JavaScript enabled to view it .
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